Crypto Market Analysis: On June 18, Bitcoin faces the shadow of a crash, with bearish forces surrounding it. Ethereum may see a major test of its bottom soon! Latest Market Analysis
The current price of Bitcoin is 104,400, and the market shows a downward trend. This is something that everyone can see, so in the short term, the market remains in a strong bearish environment. Various indicators indicate that downward pressure has not been fully released, but a slight rebound or fluctuating adjustment may occur in the short term, especially seeking support near low-level areas. Therefore, it is suggested that those who already hold short positions should continue to monitor the price downward trend, but pay attention to the situation if low-level support breaks. If the price effectively falls below the support around 100,400, consider adding to short positions. For those preparing to open new positions, wait near the support level for a rebound signal to appear before considering a small speculative long position, but be aware of possible weak rebounds. For others who have not entered the market, it is advisable to remain on the sidelines for now, monitoring whether clear reversal signs or stabilization conditions appear after testing support.
Price Forecast
Long position entry at 101,000, add at 100,000, stop at 500 points, target at 104,000
Short position entry at 105,000, add at 106,000, stop at 500 points, target at 103,000
Ethereum Analysis
The current price of Ethereum is 2,500, and the K-line is oscillating downwards within a descending channel, approaching the lower channel support. Therefore, in the short term, the market is nearing a key support level. Combining the emerging bottom formation, doji candlestick pattern, and TD buy signals, a rebound attempt may occur in the short term. However, indicators such as MACD and trading volume show that bullish strength is still insufficient, and the intensity and persistence of the rebound may be limited. If the price cannot hold the support line at 2,380, there is still a possibility of further testing lower levels. It is advised to attempt a long position with light leverage at the 2,380 support, but strict stop-loss settings must be enforced, with the stop-loss set below 2,380. Friends holding short positions should pay attention to setting up short positions when rebounds approach the resistance level near 2,680, but be cautious about the sustainability of the rebound momentum.
Price Reference
Long position entry at 2,450, add at 2,400, stop at 30 points, target at 2,600
Short position entry at 2,600, add at 2,650, stop at 30 points, target at 2,500
The above analysis is based on market data and trend analysis and does not constitute investment advice. For reference of family members $BTC
